ABC News is in hot water after President Donald Trump on Sunday encouraged a class-action lawsuit against the media giant, after they retracted a false report on the Trump-Russia investigation — one that the president claims led to the stock market taking a hit.

People who lost money when the Stock Market went down 350 points based on the False and Dishonest reporting of Brian Ross of @ABC News (he has been suspended), should consider hiring a lawyer and suing ABC for the damages this bad reporting has caused – many millions of dollars!

“People who lost money when the Stock Market went down 350 points based on the False and Dishonest reporting of Brian Ross of @ABC News (he has been suspended), should consider hiring a lawyer and suing ABC for the damages this bad reporting has caused — many millions of dollars!” Trump wrote.

Advertisement - story continues below

Trump’s call to action against ABC came one day after he congratulated the major news network for announcing a four-week suspension of Brian Ross, the reporter responsible for the erroneous story.

“Congratulations to @ABC News for suspending Brian Ross for his horrendously inaccurate and dishonest report on the Russia, Russia, Russia Witch Hunt. More Networks and ‘papers’ should do the same with their Fake News!” Trump wrote Saturday.

Congratulations to @ABC News for suspending Brian Ross for his horrendously inaccurate and dishonest report on the Russia, Russia, Russia Witch Hunt. More Networks and “papers” should do the same with their Fake News!

“My job is to hold people accountable and that’s why I agree with being held accountable myself,” Ross wrote Saturday.

Ross, the Chief Investigative Correspondent for ABC News, stated during a Friday special report, that former National Security Adviser Michael Flynn was set to testify that Trump had asked Flynn to contact the Russians while Trump was a presidential candidate, CNN reported.

ABC News then tweeted out the report, which was reportedly retweeted roughly 25,000 times before being removed.

Advertisement - story continues below

During Friday’s airing of “ABC World News Tonight,” Ross recanted his statements made earlier in the day, stating that Trump had told Flynn to contact the Russians while he was president-elect, not as a candidate.

According to Newsweek, it is highly unlikely that ABC will be held accountable for the stock market’s decline on Friday, since stocks had already fallen after reports of Flynn pleading guilty for lying to the FBI in regards to Russian collusion during the 2016 election.

Still, the media giant issued a statement on the critical error made by Ross.

“We deeply regret and apologize for the serious error we made yesterday,” ABC said Saturday. “The reporting conveyed by Brian Ross during the special report had not been fully vetted through our editorial standards process. As a result of our continued reporting over the next several hours ultimately we determined the information was wrong and we corrected the mistake on air and online.”

“It is vital we get the story right and retain the trust we have built with our audience — these are our core principles,” ABC added.